The woman accused of blackmailing former Knick coach Rick Pitino is a shakedown artist who “believed she was entitled to something for nothing” after a hurried, one-minute stand, prosecutors said yesterday before jurors began deliberating the case.

After closing arguments in the weeklong trial of Karen Sypher — whose lawyers never called the leggy blonde or any other witnesses to the stand — jurors spent two hours deliberating before breaking for the day. They resume today.

It was never clear if the 50-year-old defendant would testify on her own behalf at the Louisville federal court trial, particularly since the married Pitino had his own embarrassing moment on the witness stand, where he testified his Italian restaurant romp with Sypher lasted about 15 seconds.

Instead, prosecutors used the time to underline key points of their case against Sypher, saying she fabricated rape allegations against Pitino, now coach for the University of Louisville, and lied about being forced to have an abortion afterward.

“This was nothing more than a pure shakedown of Richard Pitino,” Assistant US Attorney Marisa Ford told jurors. She said Sypher was “looking for a golden parachute.”

Sypher is accused of demanding $10 million plus college tuition for her children, and wanting her house paid off in exchange for her silence about a one-night fling with Pitino on July 31, 2003, at the Louisville restaurant Porcini’s.

She has pleaded not guilty to extortion and other charges.

The prosecutor pointed out that Sypher made the rape claims six years later, after the extortion investigation began. “She’s not interested in reporting rapes.” Ford said. “She’s interested in payback.”